Australia Consumer House Price Sentiment Could Justify RBA Hold in Feb
By Sophia RodriguesPublished On 22 Jan 2020 , 11:36 AM
Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentiment showed. The fall was in response to the devastating bushfires and while the 1.8% drop was not as severe as one would have expected, Westpac points out this might be because the index was already at a low level.
More interesting in the survey were housing related sentiment, with "time to buy a dwelling" and "index of house price expectations", both rising sharply in January. Westpac said the boost in optimism this time has beem more "dramatic" than in previous cycles, and indicate the current period of positive price action is unlikely to end in the near term.
The question is whether the RBA will take comfort from this continuing impact of easy monetary policy on housing market, and make a case for hold in February?
Consumer sentiment rose 2.3% to 95.5 in February, more than rebounding from the 1.8% fall in January, the Westpac-Mel...Published on : 12 Feb 2020 , 10:41 AM
RBA Lowe: If the unemployment rate were to be moving MATERIALLY in the wrong direction n there was no further progres...Published on : 07 Feb 2020 , 10:59 AM
Westpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, c...Published on : 24 Jan 2020 , 11:26 AM
Economists at ANZ have removed RBA cut in February from their forecast following the strength in employment in Novemb...Published on : 23 Jan 2020 , 01:37 PM
Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentimen...Published on : 22 Jan 2020 , 11:36 AM
Australia net export to contribute 0.2 percentage point to Q3 GDP, data from ABS showed.
Terms of trade was st...
Consumer confidence rose 1.2% in the week to Dec. 1 to 108.1, marking the first rise in four weeks but remained...Published on : 03 Dec 2019 , 10:04 AM
Job ads fell for the second straight month in November, down 1.7% m/m after a 1.0% fall in October, data from ANZ sho...Published on : 02 Dec 2019 , 11:42 AM
Key points from Australia's private sector credit growth for October, published by the RBA Friday.
Regarding purchase of Residential Mortgage-Backed Securitie (RMBS), RBA Governor Philip Lowe said last night that it...Published on : 27 Nov 2019 , 09:58 AM